Chain Bridge Capital Acquires 816-Bed Community Near James Madison University

Shared amenities at North 38 near James Madison University include a resort-style pool. (Image courtesy of north38apts.com) Shared amenities at North 38 near James Madison University include a resort-style pool. (Image courtesy of north38apts.com)

Harrisonburg, Va. — Chain Bridge Capital has acquired North 38, an 816-bed student housing community located near James Madison University in Harrisonburg.

The property offers three- and four-bedroom, fully furnished units. Shared amenities include a resort-style pool, fitness center, tanning beds, a spa, game room, computer lounge, basketball courts, barbecue grills and a clubroom. Planned renovations at the property include upgrading internet service, flooring and lighting; and the addition of new smart televisions, a shuttle bus and premium furniture in select units. The seller and terms of the transaction were undisclosed.

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